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Trimble Navigation Ltd and Hexagon AB is another leading player in the Geospatial Analytics Market

The geospatial analytics market is projected to grow from USD 30.71 Billion in 2016 to USD 73.91 Billion by 2021, at a CAGR of 19.2% during the forecast period. The geospatial analytics market has witnessed substantial growth, owing to the convergence and integration of geospatial technology with mainstream technologies. Moreover, the geospatial analytics market is driven by the growing demand for geospatial analytics solutions with artificial intelligence.

Trimble Navigation Ltd. is one of the leading players in the geospatial analytics market. The company has adopted both, organic as well as inorganic strategies to strengthen its market share. Along with this, the company has acquired a few renowned players such as Harvest Mark, to enhance Trimble's position in the field of agriculture, transportation, and logistics. Moreover, the company has adopted organic strategies as well to sustain its competitive position in the geospatial analytics market. In November 2016, Trimble Navigation Ltd. introduced Trimble Catalyst, the software-defined Global Navigation Satellite System (GNSS) receiver, to offer customers accurate positioning to support various work activities in Bring Your Own Device (BYOD).

Hexagon AB is another leading player in the geospatial analytics market. The company has been consistently focusing on organic growth strategies such as, new product developments and launches. For instance, in August, 2016 Hexagon Geospatial launched M.App Enterprise, to offer solutions to address customers’ location-based challenges. It helps in solving business problems and experience and communicate geographic information, and is driving the geospatial analytics market across the globe. Focusing on inorganic growth, in November 2016, the company collaborated with HERE, an open location platform, to enable Hexagon Smart M.App developers and end-users to access and benefit from a variety of map data and location platform services from HERE.